{"id":19138,"date":"2020-12-14T20:52:25","date_gmt":"2020-12-14T20:52:25","guid":{"rendered":"https:\/\/www.africa-press.com\/kenya\/?p=19138"},"modified":"2020-12-14T20:52:25","modified_gmt":"2020-12-14T20:52:25","slug":"boc-kenya-acquisition-on-course","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/economy\/boc-kenya-acquisition-on-course","title":{"rendered":"BOC Kenya acquisition on course"},"content":{"rendered":"

AfricaPress-Kenya:<\/strong> The intended offer to acquire BOC Kenya Plc by listed Carbacid Investments Limited in collaboration with Aksaya Investments LLP has moved a stage further with the two entities fulfilling their legal obligation to serve on BOC an Offeror\u2019s Statement.<\/p>\n

In response to the service and in compliance with the Capital Markets Regulations governing takeovers and mergers for listed firms, BOC Kenya PLC on December 12 published the Offeror\u2019s Statement acknowledging the intention by CIL and Aksaya Investments LLP to acquire up to 100 per cent of its ordinary shares.<\/p>\n

The statement issued by BOC Kenya indicates that CIL and Aksaya Investments LLP are confident of BOC Kenya\u2019s business prospects and are seeking to acquire the firm as part of a long-term investment strategy.<\/p>\n

While BOC Kenya produces and supplies industrial, medical and special gases, CIL\u2019s main operating subsidiary Carbacid (CO2) Limited produces food-grade carbon dioxide extracted from natural underground reservoirs in Kenya.<\/p>\n

\u201cThe Offerors are aware that between the fiscal year 2015 and the fiscal year 2019, the Earnings before Interest, Tax, Depreciation and Amortisation (EBITDA) of BOC has dropped by a Compounded Annual Growth Rate (CAGR) of 10.9 per cent to Sh145 million from a high of Sh230.3 million. The Offerors acknowledge the changes in the performance of the business; however they believe in the underlying long term prospects of BOC\u2019s business and product offerings and therefore have confidence in making this offer,\u201d the Offeror\u2019s Statement explains.<\/p>\n

Among other elements, the Offeror\u2019s Statement also confirms that at the close of the takeover deal, the existing contractual and statutory employment rights of all BOC Kenya employees will continue to be in force per the law.<\/p>\n

CIL Chairperson Dennis Awori recently confirmed that BOC Kenya\u2019s United Kingdom-based majority shareholder, BOC Holdings supports the intended offer and has issued an irrevocable undertaking to sell its 65.38 per cent stake in BOC Kenya.<\/p>\n","protected":false},"excerpt":{"rendered":"

AfricaPress-Kenya: The intended offer to acquire BOC Kenya Plc by listed Carbacid Investments Limited in collaboration with Aksaya Investments LLP has moved a stage further with the two entities fulfilling their legal obligation to serve on BOC an Offeror\u2019s Statement. In response to the service and in compliance with the Capital Markets Regulations governing takeovers […]<\/p>\n","protected":false},"author":84,"featured_media":19127,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[5322,2543,6895],"class_list":["post-19138","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-boc-kenya","tag-capital-markets-authority","tag-carbacid-limited"],"yoast_head":"\nBOC Kenya acquisition on course - kenya<\/title>\n<meta name=\"description\" content=\"The intended offer to acquire BOC Kenya Plc by listed Carbacid Investments Limited in collaboration with Aksaya Investments LLP has\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/economy\/boc-kenya-acquisition-on-course\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BOC Kenya acquisition on course\" \/>\n<meta property=\"og:description\" content=\"The intended offer to acquire BOC Kenya Plc by listed Carbacid Investments Limited in collaboration with Aksaya Investments LLP has\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/economy\/boc-kenya-acquisition-on-course\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-14T20:52:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/12\/boc_kenya_acquisitio5fd7788fc18c2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"550\" \/>\n\t<meta property=\"og:image:height\" content=\"287\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/boc-kenya-acquisition-on-course#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/boc-kenya-acquisition-on-course\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"BOC Kenya acquisition on course\",\"datePublished\":\"2020-12-14T20:52:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/boc-kenya-acquisition-on-course\"},\"wordCount\":318,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/boc-kenya-acquisition-on-course#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/12\/boc_kenya_acquisitio5fd7788fc18c2.jpg\",\"keywords\":[\"BOC Kenya\",\"Capital Markets Authority\",\"Carbacid Limited\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/economy\/boc-kenya-acquisition-on-course#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/boc-kenya-acquisition-on-course\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/economy\/boc-kenya-acquisition-on-course\",\"name\":\"BOC Kenya acquisition on course - kenya\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/boc-kenya-acquisition-on-course#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/boc-kenya-acquisition-on-course#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/12\/boc_kenya_acquisitio5fd7788fc18c2.jpg\",\"datePublished\":\"2020-12-14T20:52:25+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"The intended offer to acquire BOC Kenya Plc by listed Carbacid Investments Limited in collaboration with Aksaya Investments LLP has\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/boc-kenya-acquisition-on-course#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/economy\/boc-kenya-acquisition-on-course\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/boc-kenya-acquisition-on-course#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/12\/boc_kenya_acquisitio5fd7788fc18c2.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/12\/boc_kenya_acquisitio5fd7788fc18c2.jpg\",\"width\":550,\"height\":287},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/boc-kenya-acquisition-on-course#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/kenya\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"BOC Kenya acquisition on course\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#website\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/\",\"name\":\"kenya\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/kenya\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"BOC Kenya acquisition on course - kenya","description":"The intended offer to acquire BOC Kenya Plc by listed Carbacid Investments Limited in collaboration with Aksaya Investments LLP has","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/kenya\/economy\/boc-kenya-acquisition-on-course","og_locale":"en_US","og_type":"article","og_title":"BOC Kenya acquisition on course","og_description":"The intended offer to acquire BOC Kenya Plc by listed Carbacid Investments Limited in collaboration with Aksaya Investments LLP has","og_url":"https:\/\/www.africa-press.net\/kenya\/economy\/boc-kenya-acquisition-on-course","og_site_name":"kenya","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2020-12-14T20:52:25+00:00","og_image":[{"width":550,"height":287,"url":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/12\/boc_kenya_acquisitio5fd7788fc18c2.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/kenya\/economy\/boc-kenya-acquisition-on-course#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/kenya\/economy\/boc-kenya-acquisition-on-course"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"BOC Kenya acquisition on course","datePublished":"2020-12-14T20:52:25+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/kenya\/economy\/boc-kenya-acquisition-on-course"},"wordCount":318,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/kenya\/economy\/boc-kenya-acquisition-on-course#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/12\/boc_kenya_acquisitio5fd7788fc18c2.jpg","keywords":["BOC Kenya","Capital Markets Authority","Carbacid Limited"],"articleSection":["all news","economy","homepage-english"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/kenya\/economy\/boc-kenya-acquisition-on-course#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/kenya\/economy\/boc-kenya-acquisition-on-course","url":"https:\/\/www.africa-press.net\/kenya\/economy\/boc-kenya-acquisition-on-course","name":"BOC Kenya acquisition on course - kenya","isPartOf":{"@id":"https:\/\/www.africa-press.net\/kenya\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/kenya\/economy\/boc-kenya-acquisition-on-course#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/kenya\/economy\/boc-kenya-acquisition-on-course#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/12\/boc_kenya_acquisitio5fd7788fc18c2.jpg","datePublished":"2020-12-14T20:52:25+00:00","author":{"@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"The intended offer to acquire BOC Kenya Plc by listed Carbacid Investments Limited in collaboration with Aksaya Investments LLP has","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/kenya\/economy\/boc-kenya-acquisition-on-course#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/kenya\/economy\/boc-kenya-acquisition-on-course"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/kenya\/economy\/boc-kenya-acquisition-on-course#primaryimage","url":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/12\/boc_kenya_acquisitio5fd7788fc18c2.jpg","contentUrl":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/12\/boc_kenya_acquisitio5fd7788fc18c2.jpg","width":550,"height":287},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/kenya\/economy\/boc-kenya-acquisition-on-course#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/kenya\/"},{"@type":"ListItem","position":2,"name":"BOC Kenya acquisition on course"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/kenya\/#website","url":"https:\/\/www.africa-press.net\/kenya\/","name":"kenya","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/kenya\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/posts\/19138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/comments?post=19138"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/posts\/19138\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/media\/19127"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/media?parent=19138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/categories?post=19138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/tags?post=19138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}